Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 44 points positive for Nifty. EquityPandit predicted that market would open gap positive but would see some sharp correction and exactly same happened. Nifty saw highs exactly at EquityPandit’s predicted resistance levels of 9000 like a dot. Nifty saw lows exactly at EquityPandit’s predicted support levels of 8775 like a dot. Finally, Indian Stock Market closed gap negative for the day.
Today: Indian Stock Market to open gap negative with 25-60 points for Nifty. Technically, Market including Nifty and BankNifty has entered into negative trend. Some short covering can be seen but overall market trend is negative and Traders should trade short at every bounce until Nifty breaches 9000 levels on positive zone. FIIs were net sellers of Rs.771.55 crores whereas DIIs were net sellers of Rs.37.6 crores on Friday. Nifty would see strong support at 8775-8725-8680 levels whereas strong resistance would be seen at 8867-8930-9000 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
Important Results to be Disclosed today: BHARATFORG,CUMMINSIND, GICHSGFIN, INDIANB, REDINGTON, STAR, UNIPHOS, UPL.
NSE Nifty: (8809) The support for the Nifty is at 8775-8725-8680 and the resistance to the up move is at 8867-8930-9000 levels.
NSE BankNifty: (20529) The support for the BankNifty is at 19450-19295-19108 and the resistance to the up move is at 19964-20170-20609 levels.
BSE Sensex: (29183) The support for the Sensex is at 29000-28890-28780 and the resistance to the up move is at 29410-29620-29840 levels.
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